Man charged in Disney trade scheme jailed in New York

NEW YORK -- A man charged with selling secrets about finances at Walt Disney Co. has been jailed in New York.

Associated PressYonni Sebbag, also known as Jonathan Cyrus, is seen in court at the Roybal Federal Building during his initial appearance in federal court in Los Angeles on Wednesday, May 26. Sebbag and his girlfriend Bonnie Hoxie, the assistant to a top executive at Walt Disney Co. were arrested Wednesday on charges that they offered to sell secrets about the company's financial picture to investment companies, authorities said.

Yonni Sebbag and his girlfriend, Disney employee Bonnie Hoxie, were arrested in California last month in the insider trading case filed in New York.

A judge ordered the 29-year-old held without bail today during a brief appearance in federal court in Manhattan. Hoxie was expected to appear in the same courthouse later this week.

Prosecutors allege Hoxie obtained information on Disney's quarterly earnings before they were made public and fed them to Sebbag. He's accused of trying to sell the tips to at least 33 investment companies.